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Message: Re: TFSA top up at $1.92
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Jan 05, 2012 12:33PM

Transferring can be done. But, there's no doubt when this is done, if you transfer 2500 shares for example into your TFSA, then you'll have to match that transfer (which is basically a sell) to a 2500 share purchase, or to an average purchase price, and calculate & claim your capital gains. You'll for sure have to pay capital gains on that share amount.

If this is not being done by some, then It will be at sometime in the future.

Thanks guys, I/You can make a transfer but you are liable to Capital Gains at some point.

Unfortunately I don't have the Cash to pay that Capital gains (even if not liable until this time next year) so I just cant afford to do it.

As my investment will only be taxed at half of my income bracket and I anticipate selling for a rather large amount.... I'm not getting too worried about paying some tax!

God I hope it happens this year!!

Cheers All

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